LMAO no chance at all, i got refused insurance for golf GTI for my 1st car. So even if you did get insured the amount would be so high it you would be paying more than the car is worth.
Even after a year you would be paying more than the car is worth. Get a hatchback, wait a few years and save up for your dream car. I ended up buying a pug 206, 1.4. I did it up, new alloys, body kit, sub, amp. Looks great. Even that was £1600 a year.
You will not be refused. Insurance company will OVER charge you. I presume you are 18-19 Try to be a Named Driver or take another car.
On the second thought: take another car! Racing one is a very bad idea for now